A steady BoE was no surprise, watching Brexit polls- Scotiabank

Analysts at Scotiabank explained that the UK data this week have not reflected the referendum trepidation that had been broadly feared, which might suggest the UK economy has a little more momentum behind it at present.

Key Quotes:

"Retail sales rose 1.0% in May against a 0.3% advance expected. April was revised up to a 2.0% gain (from 1.5%). Early gains for sterling were undermined by a new poll showing a lead for the Leave ahead of the Remain campaign 53/47%, however. A steady BoE was no surprise."